Can Energy Stocks Break Out Of Their Range?

By Michael McDonald After last year’s rapid recovery from the depths of the oil market’s plunge, many investors went into 2017 expecting black gold to keep rising in value. So far, it is not working out that way. The energy markets have been sideways at best for most of 2017, and energy firms as a whole are not performing all that well. The Energy Select Spdr ETF (XLE) encapsulates this issue well – XLE is down to around $72 a share versus north of $78 in December. The ETF is a good broad measure for most of the energy stocks out there. Despite